Author Question: Other things remaining the same, if an industry introduces a labor-complementary technology in ... (Read 46 times)

TVarnum · **on:** Jun 29, 2018

Other things remaining the same, if an industry introduces a labor-complementary technology in production, the demand curve for labor in that industry is likely to:

A) shift to the left.
B) shift to the right.
C) become vertical.
D) become horizontal.

Question 2

The figure above shows the market for a good with an external benefit. When 6 units are produced, marginal social benefit equals ________ and marginal external benefit equals ________.

A) 200; 150
B) 350; 200
C) 200; 50
D) 350; 150
E) 150; 250